Smart money is supporting the current local bottom while buyers are pushing the order flow back up again.
I'm looking at the hourly candlestick chart for coin $TA and the setup has shifted to a clear bullish structure. The price is showing stable accumulation near the lower boundaries, indicating a strong support floor being built. I've noticed that the recent selling pressure has completely dried up, leaving a large pool of untested liquidity stable above current levels.
My trading plan is to enter a long position within the current accumulation zone to capitalize on the upcoming bullish expansion. The overall market structure on the larger time frame supports a bounce from this key demand area. I'm carefully monitoring the nearby local resistance levels because a breakout above them will likely trigger a fast short squeeze.
I'm planning to set this entry point with a strict and precisely calculated risk-to-reward ratio to maintain the integrity of my capital. If the price slides and closes below the defined invalidation floor, the bullish thesis is completely off the table. Otherwise, I expect the price to steadily rise toward our major upside targets.
Trading plan:
Entry: 0.0590$
Stop loss: 0.0550$
Take profit 1: 0.0630$
Take profit 2: 0.0670$
I'm looking at the hourly candlestick chart for coin $TA and the setup has shifted to a clear bullish structure. The price is showing stable accumulation near the lower boundaries, indicating a strong support floor being built. I've noticed that the recent selling pressure has completely dried up, leaving a large pool of untested liquidity stable above current levels.
My trading plan is to enter a long position within the current accumulation zone to capitalize on the upcoming bullish expansion. The overall market structure on the larger time frame supports a bounce from this key demand area. I'm carefully monitoring the nearby local resistance levels because a breakout above them will likely trigger a fast short squeeze.
I'm planning to set this entry point with a strict and precisely calculated risk-to-reward ratio to maintain the integrity of my capital. If the price slides and closes below the defined invalidation floor, the bullish thesis is completely off the table. Otherwise, I expect the price to steadily rise toward our major upside targets.
Trading plan:
Entry: 0.0590$
Stop loss: 0.0550$
Take profit 1: 0.0630$
Take profit 2: 0.0670$